RFAYX Alternatives & Similar Mutual Funds

Russell Investments Investment Grade Bond Fund (RFAYX) belongs to the Intermediate Core Bond category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with RFAYX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

Cheapest Alternatives to RFAYX

RFAYX charges 0.32% annually. There are 27 mutual funds in the Intermediate Core Bond category with lower expense ratios, going as low as 0.02%.

Symbol	Name	Expense Ratio	AUM	Inception
FMBPX	Federated Hermes Mortgage Strategy Portfolio	0.02%	—	Dec 2007	RFAYX vs FMBPX
SSAFX	State Street Aggregate Bond Index Portfolio	0.02%	—	Sep 2014	RFAYX vs SSAFX
QDIBX	Fisher Investments Institutional Group Fixed Incom...	0.03%	—	Dec 2019	RFAYX vs QDIBX
QDVBX	Fisher Investments Institutional Group ESG Fixed I...	0.04%	—	Dec 2019	RFAYX vs QDVBX
WFBIX	iShares U.S. Aggregate Bond Index Fund	0.05%	—	Jul 1993	RFAYX vs WFBIX

Best Risk-Adjusted Alternatives to RFAYX

RFAYX has a PortfoliosLab risk / return rank of 24. There are 22 mutual funds in the Intermediate Core Bond category with higher risk-adjusted ranks, going as high as 57.

Symbol	Name	Risk / Return Rank	AUM	Inception
LSSAX	Loomis Sayles Securitized Asset Fund	57	—	Mar 2006	RFAYX vs LSSAX
STWTX	Hartford Schroders Tax-Aware Bond Fund	54	—	Oct 2011	RFAYX vs STWTX
PCGTX	PACE Mortgage-Backed Securities Fixed Income Inves...	47	—	Aug 1995	RFAYX vs PCGTX
MCDWX	Manning & Napier Credit Series	40	—	Apr 2020	RFAYX vs MCDWX
FSMOX	Fidelity SAI Investment Grade Securitized Fund	35	—	May 2023	RFAYX vs FSMOX

Top Performing RFAYX Alternatives (YTD)

RFAYX is at 0.44% YTD. There are 23 mutual funds in the Intermediate Core Bond category with higher YTD returns, going as high as 2.63%.

Symbol	Name	YTD Return	AUM	Inception
PCGTX	PACE Mortgage-Backed Securities Fixed Income Inves...	2.63%	—	Aug 1995	RFAYX vs PCGTX
LSSAX	Loomis Sayles Securitized Asset Fund	1.36%	—	Mar 2006	RFAYX vs LSSAX
STWTX	Hartford Schroders Tax-Aware Bond Fund	1.18%	—	Oct 2011	RFAYX vs STWTX
DUTMX	Dupree Taxable Municipal Bond Fund	1.01%	—	Nov 2010	RFAYX vs DUTMX
MCBDX	MassMutual Core Bond Fund	0.74%	—	Sep 1994	RFAYX vs MCBDX

Lowest Volatility Alternatives to RFAYX

RFAYX has 3.59% 1-year volatility. There are 12 mutual funds in the Intermediate Core Bond category with lower 1-year volatility, going as low as 2.49%.

Symbol	Name	Volatility 1Y	AUM	Inception
BIMIX	Baird Intermediate Bond Fund Class Institutional	2.49%	—	Sep 2000	RFAYX vs BIMIX
FEDUX	Fidelity Education Income Fund	2.50%	—	Mar 2021	RFAYX vs FEDUX
BIMSX	Baird Intermediate Bond Fund	2.50%	—	Sep 2000	RFAYX vs BIMSX
DFXIX	DFA Diversified Fixed Income Portfolio	2.60%	—	Aug 2016	RFAYX vs DFXIX
JIBEX	Johnson Institutional Intermediate Bond Fund	2.75%	—	Aug 2000	RFAYX vs JIBEX

Lowest Drawdown Alternatives to RFAYX

RFAYX has a 1-year max drawdown of -2.73%. There are 19 mutual funds in the Intermediate Core Bond category with shallower 1-year drawdowns, going as shallow as -1.69%.

Symbol	Name	Max Drawdown 1Y	AUM	Inception
DFXIX	DFA Diversified Fixed Income Portfolio	-1.69%	—	Aug 2016	RFAYX vs DFXIX
FEDUX	Fidelity Education Income Fund	-1.72%	—	Mar 2021	RFAYX vs FEDUX
BIMSX	Baird Intermediate Bond Fund	-1.87%	—	Sep 2000	RFAYX vs BIMSX
BIMIX	Baird Intermediate Bond Fund Class Institutional	-2.07%	—	Sep 2000	RFAYX vs BIMIX
FTHRX	Fidelity Intermediate Bond Fund	-2.11%	—	May 1975	RFAYX vs FTHRX

Other Mutual Funds from Russell

The 10 most viewed Russell mutual funds shown here include REBYX, RLVSX, RGIYX and span 8 categories.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
REBYX	Russell Investments U.S. Small Cap Equity Fund	Small Cap Blend Equities	69	19.84%	—	Mar 2000	RFAYX vs REBYX
RLVSX	Russell Investments Tax-Exempt Bond Fund	Municipal Bonds	80	1.72%	—	Sep 1985	RFAYX vs RLVSX
RGIYX	Russell Investments Global Infrastructure Fund	Energy Equities	46	9.74%	—	Sep 2010	RFAYX vs RGIYX
RGEAX	Russell Investments Global Equity Fund	Global Equities	50	7.18%	—	Feb 2007	RFAYX vs RGEAX
RSEAX	Russell Investments U.S. Strategic Equity Fund	Large Cap Blend Equities	40	6.61%	—	Aug 2012	RFAYX vs RSEAX
RINYX	Russell Investments International Developed Market...	Foreign Large Cap Equities	30	6.22%	—	Mar 2000	RFAYX vs RINYX
RTDYX	Russell Investments Multifactor U.S. Equity Fund	Large Cap Blend Equities	60	8.62%	—	Jul 2014	RFAYX vs RTDYX
RMYYX	Russell Investments Multi-Strategy Income Fund	Diversified Portfolio	62	4.33%	—	Apr 2015	RFAYX vs RMYYX
RELVX	Russell Investments LifePoints Equity Growth Strat...	Diversified Portfolio	57	8.49%	—	Mar 1998	RFAYX vs RELVX
REAYX	Russell Investments Equity Income Fund	Large Cap Value Equities	75	11.83%	—	Mar 2000	RFAYX vs REAYX

Often Compared With RFAYX

Investors most often compare RFAYX with FTEC, ^GSPC, FBNDX. These 20 comparison targets span 6 categories, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
FTEC	Fidelity MSCI Information Technology Index ETF	Technology Equities	59	22.66%	21.38B	Oct 2013	RFAYX vs FTEC
^GSPC	S&P 500 Index		60	7.49%	—	—	RFAYX vs ^GSPC
FBNDX	Fidelity Investment Grade Bond Fund	Intermediate Core Bond	16	0.20%	—	Aug 1971	RFAYX vs FBNDX
RALVX	Russell Investments LifePoints Growth Strategy Fun...	Diversified Portfolio	57	7.67%	—	Mar 1998	RFAYX vs RALVX
OWFIX	Old Westbury Fixed Income Fund	Intermediate Core Bond	19	-0.11%	—	Mar 1998	RFAYX vs OWFIX
KCCIX	Knights of Columbus Core Bond Fund	Intermediate Core Bond	25	0.66%	—	Feb 2015	RFAYX vs KCCIX
PRCIX	T. Rowe Price New Income Fund	Intermediate Core Bond	30	-0.13%	—	Aug 1973	RFAYX vs PRCIX
REMSX	Russell Investments Emerging Markets Fund	Emerging Markets Diversified	80	24.38%	—	Jan 1993	RFAYX vs REMSX
CRAIX	CCM Community Impact Bond Fund	Intermediate Core Bond	26	0.25%	—	Aug 1999	RFAYX vs CRAIX
NMKBX	North Square McKee Bond Fund	Intermediate Core Bond	25	0.49%	—	Dec 2020	RFAYX vs NMKBX
RMLVX	Russell Investments LifePoints Moderate Strategy F...	Diversified Portfolio	59	4.11%	—	Mar 1998	RFAYX vs RMLVX
TCPYX	Touchstone Impact Bond Fund	Intermediate Core Bond	22	0.64%	—	Nov 1991	RFAYX vs TCPYX
PNIIX	Principal Bond Market Index Fund	Intermediate Core Bond	22	0.47%	—	Dec 2009	RFAYX vs PNIIX
SCOAX	SEI Institutional Investments Trust Core Fixed Inc...	Intermediate Core Bond	21	0.18%	—	Jun 1996	RFAYX vs SCOAX
TRLVX	SEI Institutional Managed Trust Core Fixed Income ...	Intermediate Core Bond	15	-0.05%	—	May 1987	RFAYX vs TRLVX
RFCYX	Russell Investments Strategic Bond Fund	Intermediate Core-Plus Bond	22	0.33%	—	Jun 2005	RFAYX vs RFCYX
WOBDX	JPMorgan Core Bond Fund	Intermediate Core Bond	19	0.45%	—	May 1991	RFAYX vs WOBDX
PCIFX	PACE Intermediate Fixed Income Investments	Intermediate Core Bond	28	0.26%	—	Aug 1995	RFAYX vs PCIFX
RRESX	Russell Investments Global Real Estate Securities ...	REIT	14	8.56%	—	Jul 1989	RFAYX vs RRESX
RBLVX	Russell Investments LifePoints Balanced Strategy F...	Diversified Portfolio	59	5.83%	—	Mar 1998	RFAYX vs RBLVX

Compare RFAYX with Any Fund or Stock

Compare RFAYX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.

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Diversifiers

Pair RFAYX with funds that move differently

Russell Investments Investment Grade Bond Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to RFAYX.

Explore RFAYX Diversifiers

Russell Investments Investment Grade Bond Fund (RFAYX) Alternatives